Technical analysis by SilverFox_Ideas about Symbol PAXG: Sell recommendation (2/11/2025)

GOLD | Key Resistance Zone at 2925 - 2935 Gold has reached a critical resistance zone between 2925 - 2935, following a strong upward move. This level is expected to hold the price and could lead to a potential reversal. However, for further downside confirmation, the price must break the trendline. 🔸 Bearish Scenario: If the trendline breaks, I expect the price to decline toward the marked targets on the chart. 🔸 Invalidation: If the price breaks above the 2935 level OR If the price fails to break below the trendline, I will close manually and reassess the setup. Keeping a close watch on price action for confirmation! The chart highlights support and resistance lines where the price is expected to move. If the price successfully breaks a line and holds above or below it, it is likely to reach the next line. ▪️ Always ensure that the idea aligns with your analysis before executing.Price hit first targetPrice hit second targetBREAKING 2885 will continue to 2874Price hit 3rd target 2874